Regional Digest
Regional Digest
• The Visiting Nurse Association of Cleveland signed a letter of intent to buy the Visiting Nurse Association of Youngstown in Pennsylvania. The VNA of Cleveland intends to complete the acquisition of the Youngstown VNA by the end of May, reported Crain’s Cleveland Business. By acquiring the agency, the Cleveland VNA will add services in the Youngstown area and in western Pennsylvania.
• Of 19 Larimer and Weld County home care agencies in Colorado, five had gone out of business as of late February, and two others have merged within the past year, reported the Northern Colorado Business Report. With few exceptions, the remaining agencies that provided financial information to the Business Report showed signs of significant distress. In the whole state of Colorado, 60 out of 210 agencies are no longer in business, according to the Business Report.
• The Wisconsin Senate recently approved spending $21 million in state and federal funds over the next two years to raise Medicaid payment rates in an effort to keep roughly 100 personal care agencies open. The same day, the assembly approved a scaled-down version of the bill that would provide $4.1 million for rate increases. But critics have said that the increase will not be enough to keep most agencies in business, reported the Capital Times. The issue of home care has become critical in Wisconsin since half of the agencies in the state have closed due to low Medicaid reimbursement rates and high staffing costs. There was no word last week on how lawmakers would resolve the differences between the two bills before the session ends.
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